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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (80767)	6/28/2008 5:16:11 AM
From: Joe Btfsplk	Read Replies (1) \| Respond to of 116555

Mish, I tend to pay attention to what you write, so wonder if you'd explore this a little further. Long time since I read the tome in question, but I recall an excessive expansion, followed by a severe contraction that was exacerbated by a tightening in reserves in '37. Friedman and Schwarz's thesis dovetails with a lot of Austrian analysis, though differed in prescription (better fiat management vs gold). Anna Schwarz recently blistered Greenspan and Bernanke, confirming your statement about "the unwarranted credit boom that preceded it". Anyway, I wonder if you can point me to comparative analysis that backs your contention that they came to a hopelessly wrong conclusion.

To: mishedlo who wrote (80767)	6/28/2008 9:17:29 PM
From: dave9	Read Replies (1) \| Respond to of 116555

Beautiful epiphany Mish. Most of the "average" boomer generation retirees I know are invested in 401k's, IRA's and no real assets (property). Is it different this time? Things are set up to screw over the entire baby boomer generation just as they are starting to retire. Would make for more interesting times than I want to see. what % drop will get the entire boomer generation to dump their stocks for safety? (It's too late).